Quote:
Originally Posted by MattyC
This is pretty rich considering the whole fear in here is that oil companies will ditch when we ask for a bigger piece of the resource they are pulling from our ground and selling to international markets making ridiculous profits (these last few months notwithstanding), leaving a large portion of the population unemployed and not giving a rats vagina because they can get a percentage point lower tax rate the next province over, or the next country over.
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So if there is so much ridiculous profit to be made, why has investment been slowing down even before oil prices dropped? Projects were being cancelled and delayed because they were uneconomic under existing conditions.
Also, if we're getting so screwed by the royalty rates, let's just nationalize (provincialize?) the whole thing! That's an obvious cure to "our fair share". The people would rejoice and bask in the full glory of all the ridiculous profits to be made. All the positions would be unionized public service too! That's a win/win scenario for everyone. We would no longer be getting screwed by the evil oil corporations who employ thousands and thousands of Albertan's (and still do).
Also, the oil companies are beholden to the shareholders. They are required to seek out the best return on investment for their capital. I didn't see corporation A voting in an NDP government before deciding to move.